A French fry shortage is now expanding into a tomato shortage. The U.S. production of potatoes had been expanding even as the acres harvested declined due to increased yields. However, last year’s crop was reduced in size by high heat, and the crop being harvested this month was delayed by a cool spring that slowed growth. The Russet Burbank and Shepody varieties grown in Canada and the U.S. are prized globally for frying due to their low water content.
With global demand for French fries now expanding, the supply of potatoes and processing needs to be expanding, yet it has been flat at best.
Now adding to the food supply concerns is a 5 to 10 percent cut in California tomato production due to this year’s droug...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...